United Strength Power Holdings Ltd. (HK:2337) has released an update.
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United Strength Power Holdings Ltd has announced a new LPG Framework Sales Agreement with Songyuan Petrochemical, marking a significant continuing connected transaction that will require approval from Independent Shareholders. The agreement, effective until December 2026, will see Longjing supplying petroleum on a non-exclusive basis, with terms including pricing negotiated on an arm’s length basis. This move is subject to stringent reporting and annual review as per the Listing Rules due to the involvement of a controlling shareholder.
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